Share Price

FEATURED ARTICLES ABOUT SHARE PRICE - PAGE 2

SYDNEY: Foster's Group, Australia's biggest beer and winemaker, said it can't explain a surge in its share price that sent the stock to a record on Thursday. "Aside from information already publicly released, the company is not aware of any other explanation," Foster's said in a statement to the Australian Stock Exchange on Friday. The company is also the world's second-largest winemaker. Foster's shares rose to record high on speculation the company may become a takeover target of funds or overseas beer makers.

MUMBAI: Cadbury India has informed the Bombay High Court that the 30 per cent premium recommended by the court-appointed valuer Ernst & Young on share valuation of Rs 1340 suggested by earlier valuators was not acceptable to them as it would jack up the share price further. This was disclosed to the court on July 6 when Cadbury lawyer said if the company consented to the valuation of 30 per cent premium at Rs 1743 per share, then it will be treated as 'deemed dividend' payable to shareholders and Cadbury will have to pay dividend distribution tax which will push up the price to a little above Rs 2000.

NEW DELHI: Ranbaxy Laboratories on Wednesday hit out at rivals -- "a multinational and a leading Indian company" -- for trying to bring down its share by "spreading confusion and speculation" in the wake of a motion filed in the US accusing it of fraudulent practice and submission of false information to the US FDA. "There has been speculation in the market due to lack of understanding and we have information that a multinational and...

MUMBAI: The share price of Swaraj Engines, the company that supplies tractor engines to the Swaraj Division of Mahindra & Mahindra, surged by close to 10% intra-day and was trading at Rs 446 that is 7.5% higher than its previous close at the end of the day's trade. The buoyancy in the share price was the result of dividend of Rs 33 on the face value of Rs 10 per share declared by the company as its announced its results for the financial year ended Mar '31 '2013. Despite the severe slump in the tractor business during the year, Swaraj Engines reportedly sold 57,377 units of engines in FY '13 that is 4% higher than 55,239 units of engines sold by the company a year before.

SRINAGAR: Buoyant with its success at the bourses, Jammu and Kashmir Bank today said it was an indicator of the lending intuition's performance. "The outcome is not really market trend but a specific reaction in the market on how the bank has been performing," said Bank Chairman and CEO Haseeb A Drabu said. Over 1.10 lakh shares were traded on both the stock exchanges (BSE and NSE) yesterday taking the bank's share price to an all-time high of Rs 756.65 a share.

NEW DELHI: Suspecting foul play by promoters and other entities through frivolous open offers aimed at influencing share price of listed firms, market watchdog Sebi is working on safeguards against such practices. The steps being mulled by the Securities and Exchange Board of India (Sebi) in this regard include tougher norms for withdrawal of offers at a later stage and even the delinking of offered price from the prevailing market rates, a senior official said. In the event of entire takeovers or any significant purchase of shares by promoters or other large investors in listed companies, the regulations make it mandatory for the acquirer to make an open offer for purchase of additional shares from the public investors.

MUMBAI: With an aim to check systemic risk from erroneous trades, the National Stock Exchange (NSE) has asked brokers to restrict their trade orders within 10 per cent of the prevailing price of shares and other securities. The proposed move, which would come into force from December 24, follows market regulator Sebi's directives regarding pre-trade controls that were necessitated after 900 points flash crash in benchmark Nifty due to erroneous trade. The flash crash, that happened on October 5, had halted trading for about 15 minutes, also wiped out nearly Rs 10 lakh crore of investor wealth.

Use these derivative strategies to hedge your portfolio as also earn safe and steady returns from your investments. 1) Portfolio hedging Useful if: You hold a sizeable number of shares of a company. Buy a put to hedge against a possible downturn in the share price. This is only a hedging strategy and will not result in gains for you. If the stock price falls, your losses on shares will be offset by the gains from the put option. You hold: 2,000 shares of NTPC priced at Rs 159. Your trade: Buy a put of strike price Rs 160 priced at Rs 3.80.

MUMBAI: On March 13, Dalal Street traders were flummoxed by the price movement in the L&T Finance counter. First, the stock was added to the F&O basket well before the expiry of the ongoing series; second, there was a sudden fall in the share price during the day; and, third, there was a late evening announcement of offer for sale of shares by the promoter Larsen & Toubro at a discount. On that day, after opening at Rs 86.60, L&T Finance shares crossed Rs 88 in morning trades as the stock was included in the F&O segment.

NEW YORK: Luxury hotel chain Orient-Express, where India's Tatas have become second largest shareholder, has said talks about its possible acquisition could affect its share price, even as its anti-takeover measures are firmly in place. The company's share price can fluctuate "significantly" due to various factors including "market speculation about a potential acquisition of OEH," the NYSE-listed firm said in its annual report for 2007, being sent to its shareholders.